(Bloomberg) -- Technology stock indexes in China, Taiwan and India are entering a fifth wave of gains, signaling a “mini-mania” in Asian equities, said Elliott Wave International Inc. A measure of technology shares on the Shenzhen Stock Exchange has completed the first two parts of its final wave and may rise a further 15 percent, even as the broader Shanghai Composite Index lags, Elliott Wave International said. The researcher said the TWSE Information Services Industry Index, part of Taiwan’s benchmark Taiex index, may advance another 15 percent following a so-called contracting triangle.
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